"We remain comfortable with our forecast for the first hike to come in February 2015, if anything the odds shift slightly later, rather than sooner, and the tone today suggests we may have had no dissent to hike in August".

Aug 14, 2014

EUR/JPY needs to break 137.50

EUR/JPY is trading below the 137 handle still, currently at 136.87 having posted a high in US at 137.18.

NZ Business PMI, retail sales eyed - BNZ

Craig Ebert, Economist at BNZ, reviews the upcoming NZ retail sales and business PMI data, noting that they are looking for a 0.8% gain in real (inflation-adjusted) terms, with the market median at 1.0%